The following table outlines the marginal income tax rates and thresholds that apply for resident individuals under the revised stage three personal tax cuts from 1 July 2024

2.  Small business measures 

• Instant asset write-off threshold for small businesses will be increased to $20,000 for the 2025 year.
• Energy bill relief for small businesses of $325 to reduce the cost of electricity for 1 million small businesses.

3. Other measures

• The indexation rate of HECS & Trade Support Loans will be reduced effective from 1 June 2023.